About the course
How can we prevent another financial crisis? Is it by better understanding risk in financial securities? Can improving the way we measure and manage risk create stability in the financial world?
The after effects of the 2008 financial meltdown are still being felt across the globe. We need knowledgeable financial professionals who can evaluate risk, act rationally and understand the economic impact of their actions in order to find solutions. If you can rise to the challenge of making ethical, sound financial decisions in pressurised environments, MSc Financial Engineering and Risk Management is for you.
You follow advanced, contemporary study in financial engineering and risk management and develop a deeper understanding of the risks within modern financial securities. You also become skilled in the design of robust management systems to measure risk. Upon graduation, you should possess the skills and knowledge for a successful career in commercial, investment and central banks, hedge funds, regulatory authorities and rating agencies.
You master areas including:
- asset pricing
- derivative securities
- financial modelling
- mathematical research techniques using Matlab
MSc Financial Engineering and Risk Management is taught at Essex Business School, home to one of the largest, and most respected, finance groups in the UK. Our teaching is grounded in contemporary issues and professional practice, supported by industry-standard facilities, such as our Bloomberg virtual trading floor.
We’re ranked in the top 25 in the UK for research excellence (REF 2014) and are home to an international community of scholars, practitioners and academics; our current Masters students join us from more than 40 countries.
This course is also available to study part-time and you may be able to apply for scholarships and discounts offered by the University of Essex. Essex Business School also offers a limited number of scholarships for the CFA level one exam to exceptional Masters students. Essex Business School is a Recognised Partner of the CFA.
Postgraduate loans for Masters courses are now available from the Student Loans Company, worth up to £10,000, for students from the UK and EU.
“The professors have strong research backgrounds, but they are also great at teaching. My lecturers were always willing to answer any questions about my course, assignments or career advice. I now work at the Inter-American Development Bank, introducing Green Bonds to the Mexican market. My Masters equipped me with the skills I use in my current role, such as financial analysis, credit risk analysis, programming skills and statistical tools for cash flow and forecast models.”
Daniel Castineyra, MSc Financial Engineering and Risk Management (2014)
Our expert staff
We’re home to Essex Finance Centre, which produces research at the cutting-edge of financial debate.
Work by our expert staff has been discussed in the Bank of England, the European Central Bank and the Federal Reserve, so you join a business school that seeks to make a real difference to solving financial challenges around the world.
We combine academic experience with industry expertise and are renowned for research into:
- business ethics and corporate social responsibility
- organisation studies
- leadership and strategy
- finance and banking
- risk management
- international management
You’re based at our Colchester Campus, in our landmark zero carbon building.
Our Colchester home is an example of our dedication to sustainable and ethical business practices. Its design is both environmentally friendly and architecturally stunning, with a winter garden and sun terrace contributing to the building’s own micro-climate and providing a tranquil environment for group working and socialising. Our Bonds café is located on site, making a great space for reviewing course notes before lectures.
Our virtual trading floor, complete with Bloomberg Financial Market Labs, enables you to practice dealing stocks and securities using industry-standard equipment. You can also benefit from our study skills workshops, designed to help you excel in your academic work.
Our building is also located on the University’s Knowledge Gateway, providing potential opportunities to network with inspiring SMEs who locate their businesses on our Colchester Campus.
An Essex Business School education is founded on creativity, innovation and ethical awareness to prepare you for the challenges of the global marketplace. In 2015, 78% of our postgraduate taught students were in work or further study (DLHE).
Our course provides you with the opportunity to develop a career in financial analysis, management, public administration and accountancy, as well as fostering your entrepreneurial spirit.
Many of our graduates work for high-profile organisations and innovative SMEs such as:
- Grant Thornton LLP
- National Bank of Kazakhstan
- European Central Bank
- European Bank for Reconstruction and Development (EBRD)
- Capital Markets Intelligence, a financial publisher
- Credit Data Research, a business funder
We’re also proud of our student entrepreneurs, including international business incubator 0100Ventures and entrepreneurship website SlovakSTARTUP.
We provide plenty of support along the way to help you secure your dream job. Our dedicated employability team work closely with the University’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities. There is also access to employer talks on campus.
UK entry requirements
A 1st, 2:1 or good 2:2 degree, or equivalent, in finance, economics or business. We also welcome applications from candidates with any science or engineering degree.
International and EU entry requirements
We accept a wide range of qualifications from applicants studying in the EU and other countries.
for further details about the qualifications we accept. Include information in your email about the
undergraduate qualification you have already completed or are currently taking.
English language requirements
If English isn’t your first language, we require IELTS 6.5 overall with a minimum component score of 5.5
If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.